Lowe's expects jobs, incomes, household financial conditions to improve in 2015The company said key drivers of home improvement spending are real disposable personal income, employment, home prices and housing turnover. It expects stronger income gains, historically low mortgage rates, and moderating home price growth will provide more support to home buying in 2015. Comments taken from slides for Q4 earnings conference call.

Lowe's sees FY15 EPS $3.29, consensus $3.28Sees FY15 total sales to increase 4.5%-5%, consensus $58.52B; Sees FY15 comparable sales to increase 4%-4.5%. The company expects to open 15-20 home improvement and hardware stores in 2015. Sees FY15 earnings before interest and taxes as a percentage of sales to increase 80 to 100 basis points. Sees FY15 effective income tax rate to be approximately 38.1%.